Bush, Bernanke launch twin subprime assault (Reuters)

Federal Reserve Chairman Ben Bernanke speaks on Capitol Hill, July 18, 2007. The Federal Reserve will take the necessary steps to shelter the economy from turmoil in financial markets but will not bail out investors who made mistakes, Bernanke said on Friday. (Jason Reed/Reuters)Reuters - The Federal Reserve on Friday
reassured investors it would take any steps needed to shelter
the U.S. economy from a global credit squeeze, while President
George W. Bush promised to help struggling homeowners refinance
their mortgages.

Leave a Reply